Q2 2023 Ayala Land Inc Earnings Call Transcript
Okay. Good afternoon, everyone and welcome to Ayala Land's briefing on our first half results. Joining us on the line are 72 participants. And we'd like to remind everyone that the presentation and the press release is available -- are available on our website, ir.ayalaland.com.ph. And of course, allow me to introduce our panel led by our President and CEO, Mr. Bobby Dy; our Chief Operating Officer, Ms. [Mian Dy]; and unfortunately, Mr. Bengzon couldn't join us physically today, so please allow me to share the presentation on this behalf. And afterwards, we can proceed with the Q&A.
So to start, Ayala now delivered solid operational results in the first half of 2023, fueled by the sustained resilience of the property market and consumer activity despite prevailing macroeconomic concerns. With consecutive growth in the first 2 quarters of the year, we posted total revenues of PHP 66 billion, 24% higher year-on-year. Our second quarter revenues reached PHP 35.1
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